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Additional information for 2025 : 1. Net income was $20,500. 2. Sales on account were $355,000. Sales returns and allowances amounted to $25,000. 3. Cost
Additional information for 2025 : 1. Net income was $20,500. 2. Sales on account were $355,000. Sales returns and allowances amounted to $25,000. 3. Cost of goods sold was $210,000. 4. Net cash provided by operating activities was $53,000. 5. Capital expenditures were $25,000, and cash dividends paid were $13,000. 6. The bonds payable are due in 2038 . Compute the following ratios at December 31, 2025. (Round current ratio and inventory tumover to 2 de answers to 1 decimal place, eg. 1.8. Use 365 days for calculation.) Additional information for 2025 : 1. Net income was $20,500. 2. Sales on account were $355,000. Sales returns and allowances amounted to $25,000. 3. Cost of goods sold was $210,000. 4. Net cash provided by operating activities was $53,000. 5. Capital expenditures were $25,000, and cash dividends paid were $13,000. 6. The bonds payable are due in 2038 . Compute the following ratios at December 31, 2025. (Round current ratio and inventory tumover to 2 de answers to 1 decimal place, eg. 1.8. Use 365 days for calculation.)
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